Hunting (LON:HTG) Sets New 1-Year Low – Should You Sell?

Hunting PLC (LON:HTG) shares reached a new 52-week low during trading on Friday . The company traded as low as GBX 277 ($3.57) and last traded at GBX 277.15 ($3.57), with a volume of 414968 shares traded. The stock had previously closed at GBX 285.50 ($3.68).

Analysts Set New Price Targets

HTG has been the topic of a number of analyst reports. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 600 ($7.74) price target on shares of Hunting in a research note on Thursday, March 6th. Berenberg Bank increased their target price on Hunting from GBX 480 ($6.19) to GBX 490 ($6.32) and gave the company a “buy” rating in a research note on Thursday, March 6th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Hunting currently has an average rating of “Buy” and a consensus target price of GBX 520 ($6.71).

Hunting Stock Down 6.3 %

The company has a current ratio of 2.69, a quick ratio of 2.08 and a debt-to-equity ratio of 11.64. The firm’s fifty day moving average price is GBX 314.52 and its 200-day moving average price is GBX 324.48. The company has a market cap of £548.51 million, a price-to-earnings ratio of 4.46, a price-to-earnings-growth ratio of 1.06 and a beta of 1.07.

Hunting Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 9th. Shareholders of record on Thursday, April 10th will be paid a $0.06 dividend. This represents a yield of 1.57%. This is a boost from Hunting’s previous dividend of $0.06. The ex-dividend date is Thursday, April 10th. Hunting’s payout ratio is presently 13.34%.

Insider Transactions at Hunting

In other news, insider Arthur James Johnson sold 470,771 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of GBX 295 ($3.80), for a total value of £1,388,774.45 ($1,790,811.67). 18.20% of the stock is currently owned by insiders.

About Hunting

Hunting is a global precision engineering group, which provides quality-assured products and services for the energy, aviation, commercial space, defence, medical, and power generation sectors.

Our strong focus on quality assured products, supported by rigorous health and safety procedures, ensures we assist in the delivery of energy safely and it is also the basis of our standing in this critical, global industry.

Our intellectual property portfolio enables the Hunting Group to maintain a leading technology edge, so that energy projects are delivered quicker and at lower cost with minimal impact on the environment.

Our people are our most important asset.